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Mar 12, 2011
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what was the significance of alexander hamilton's plan to exchange u.s. debt for state that? >> guest: profoundly important. this went into effect. all of the unrest in the states was in part a response to the taxation of the 1780s where the states were trying to retire their revolutionary war debt by taxes on land, a multiple of what they had been before and the people were very rested but hamilton proposed a brilliant idea, that all the state debts would become a natural death. national debt. he would issue bondss on the united states. a 4% rather than 6%. and didn't have to pay the principal we believe. all you had to pay was the interest. you could do that on the revenue that was coming and on the imports plus some excise taxes and the unfortunate run on whiskey. if basically what he did was to relieve a component of their budget which was the majority what we were raising money for. when the state and loggerhead to pay off their revolutionary war debt they no longer had to impose these taxes and the country became much more peaceful. >> host: next call from john in dalla
what was the significance of alexander hamilton's plan to exchange u.s. debt for state that? >> guest: profoundly important. this went into effect. all of the unrest in the states was in part a response to the taxation of the 1780s where the states were trying to retire their revolutionary war debt by taxes on land, a multiple of what they had been before and the people were very rested but hamilton proposed a brilliant idea, that all the state debts would become a natural death. national...
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Mar 20, 2011
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time of the peace negotiations of the end of the war and which benjamin franklin was one of the key u.s. negotiators and over the course of many months the five peace negotiators are meeting in paris and hashing out the terms of the independence of the united states and there are lots of sticking points along the way that there was until they get to the one of last one and the kind of fall of 1782i guess it is, and the sticking point concerns whether the u.s. is going to be made responsible for giving compensation to loyalist whose property is the confiscated during the war, and on this point most of the other american negotiators are okay with it adams and john jay that when gen franklin will not give in on this point and he says if you grant compensation i'm not going to sign the treaty. we have to keep on fighting the war. so if you want the reverse, you know, and it anticipates his own leader access of sort of property related vengeance. he writes william out of his will leader and the two rarely ever meet again. and i think they do better and what i think about most is getting into
time of the peace negotiations of the end of the war and which benjamin franklin was one of the key u.s. negotiators and over the course of many months the five peace negotiators are meeting in paris and hashing out the terms of the independence of the united states and there are lots of sticking points along the way that there was until they get to the one of last one and the kind of fall of 1782i guess it is, and the sticking point concerns whether the u.s. is going to be made responsible for...
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Mar 12, 2011
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i use that in my high school u.s. history classes. >> guest: that's wonderful. >> host: and this tweet is from a middle school history teacher. it seems it is not possible to determine original intent. your thoughts, please, and that's from chris. >> guest: well, depends on what you mean by original intent. as i've said earlier, scalia said he is not interested in original intent, that is that he's not interested in what people meant to say which is very difficult to determine. but in what they say in the meaning of the words of a given statute. i think, i think that it is useful to look, for jurists to look at what either the drafters or the ratifiers said about given provisions of the constitution. there you can, i think, find information that is of use. there is no original intent, there is no original understanding of the constitution as a whole, but usually the questions are much more specific. and you can find some information, but i see no reason to think that we are bound to understand those or to continue the
i use that in my high school u.s. history classes. >> guest: that's wonderful. >> host: and this tweet is from a middle school history teacher. it seems it is not possible to determine original intent. your thoughts, please, and that's from chris. >> guest: well, depends on what you mean by original intent. as i've said earlier, scalia said he is not interested in original intent, that is that he's not interested in what people meant to say which is very difficult to...
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Mar 19, 2011
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and the sticking point concerns whether the u.s. is going to be made responsible for giving compensation to loyalists his property has been confiscated during the war. most of the other american negotiators are okay, but benjamin franklin will not give in on this point. he says, if you grant compensation i'm not going to sign the treaty. we have to keep fighting the war. and it anticipates his later act of property related. the two rarely ever meet again. at think these family divides do matter, and i do think what i think about most is that getting into the personalities and into the individual experience is important for explaining how history has operated. >> he said that this is the first book about the loyalist exile, refugee what to you feel should be the second book? not necessarily by you, but somebody else. someone else picks up from where you left off, what would you like to see the next book on this topic tonight. >> that is a great question. i think -- well, one thing that needs to be written up in a better form is what
and the sticking point concerns whether the u.s. is going to be made responsible for giving compensation to loyalists his property has been confiscated during the war. most of the other american negotiators are okay, but benjamin franklin will not give in on this point. he says, if you grant compensation i'm not going to sign the treaty. we have to keep fighting the war. and it anticipates his later act of property related. the two rarely ever meet again. at think these family divides do...
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Mar 21, 2011
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the u.s. and european countries are on track. >> host: it's almost as if there's a couple of different books in one book. there is your story of the decline of the west, your story of the rise of the east and the lines are going to cross. >> guest: i think this is you can argue there's an absolute part for short talking about the west and its isolation and issues going out there and going in an amazing time and other european economies have done the unthinkable moving hundreds of millions of people out of poverty so this is going to naturally be able to question as well. >> host: let's talk about what is going wrong in the west. >> guest: first of all its important that in terms of the context of my work i talk about the unintended consequences, things that sound like a good intentions but actually yield bad outcomes and what i have done is to focus on the three key ingredients economists focus on as the drivers of economic growth and there is a capital that is basically money, labor that is t
the u.s. and european countries are on track. >> host: it's almost as if there's a couple of different books in one book. there is your story of the decline of the west, your story of the rise of the east and the lines are going to cross. >> guest: i think this is you can argue there's an absolute part for short talking about the west and its isolation and issues going out there and going in an amazing time and other european economies have done the unthinkable moving hundreds of...
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Mar 20, 2011
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where it is in the u.s. is likely have completely split. the u.s. used to be more free-market oriented, but we are the ones who beat the so-called stimulus and quality defeasing and the europeans are the ones being more frugal. what happened? >> guest: this is a big question and i think we will have to see who wins next year. my personal preference is if you can't afford it, but that you're in expenditure especially if you have issues around revenue, raising revenue. people look around the united states and i've seen a number of papers that are to 45% of americans don't even pay federal taxes already. so this is an unsustainable situation. the prices of the inflation and where the oil is right now, those types of pressures are going to mean something has to give, and the less prepared the policy is in the united states in terms of having to, you know, tighten the belt, the more vulnerable the country is going to be to the outcome and places like greece. we don't know what's going to happen in europe. i will take britain as an example. they had a rea
where it is in the u.s. is likely have completely split. the u.s. used to be more free-market oriented, but we are the ones who beat the so-called stimulus and quality defeasing and the europeans are the ones being more frugal. what happened? >> guest: this is a big question and i think we will have to see who wins next year. my personal preference is if you can't afford it, but that you're in expenditure especially if you have issues around revenue, raising revenue. people look around...
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Mar 21, 2011
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the u.s. and european countries are back on track. >> host: it's like a couple different books in one book. there's the story of the decline of the west, the rise of the east, and the basic premise of the lines are going to cross. >> guest: you can argue there's an absolute part for sure talking about the west in isolation and what the issues are going on there, and then, of course, we live in an amazing time of china and other emerging economies have done the unthinkable, moving hundreds of thousands of people out of poverty. of course, that's answering the ire relative question as well which is what i've done in the book. >> host: let's start by talking about what's going wrong in the west. >> guest: sure. first of all, i think it's really important in terms of context of my work, entalk about unintended consequences, good intentions, but yields bad outcomes. what i've done in the book is focus on the three key ingredients. those are capital, basically money, labor, which is basically the wo
the u.s. and european countries are back on track. >> host: it's like a couple different books in one book. there's the story of the decline of the west, the rise of the east, and the basic premise of the lines are going to cross. >> guest: you can argue there's an absolute part for sure talking about the west in isolation and what the issues are going on there, and then, of course, we live in an amazing time of china and other emerging economies have done the unthinkable, moving...
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Mar 13, 2011
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but he did befriend a couple of american women who were -- who were wives working in the u.s. embassy in nairobi at the time. and for all his faults obama, sr., was a very charming man and he could charm the ladies. he clearly impressed he's women not only with his ambition and his determination but intelligence. and so it's actually through private meetings he's actually able to secure a place in hawaii and he actually flew quite independently of oboya's airlift with american women from the american embassy who actually funded his place and his air fare. you talk about the selma speech and, you know, president obama is a consummate politician and he gave this great speech, rousing speech in selma in which he referred his father came over from this great airlift in which he used it to somehow claim part of the camelot connection. and kennedy wasn't elected until the following year. he made an error. and he acknowledged the error immediately. his campaign team actually made public just a few days after selma that actually that was an error and, in fact, it wasn't correct. so he
but he did befriend a couple of american women who were -- who were wives working in the u.s. embassy in nairobi at the time. and for all his faults obama, sr., was a very charming man and he could charm the ladies. he clearly impressed he's women not only with his ambition and his determination but intelligence. and so it's actually through private meetings he's actually able to secure a place in hawaii and he actually flew quite independently of oboya's airlift with american women from the...
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Mar 20, 2011
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but he did befriend a couple of american women who were i think the lives of people working in the u.s. embassy and nairobi at the time. there was no doubt obama senior was a very, very charming man. he charmed the ways. he clearly impressed this comment on with his ambitions and his conviction but his intelligence. so it's through private engagements that he was able to secure a place in hawaii. and he actually flew light independently to avoid the airlift to hawaii, with women, american women in nairobi who actually funded his place and airfare. you talked about the thelma speech, and president obama's is a constant politician. he gave a great speech, in which he referred that his grandfather came is great airlift details are used to somehow claim part of the camelot connection with the kennedys. you're right that that kennedy was elected into the following year. he made an error. and he acknowledged the air. his campaign team made public just a few days after selma that that was an era. and that the president was a crack. he did correct himself even though he was against looking to
but he did befriend a couple of american women who were i think the lives of people working in the u.s. embassy and nairobi at the time. there was no doubt obama senior was a very, very charming man. he charmed the ways. he clearly impressed this comment on with his ambitions and his conviction but his intelligence. so it's through private engagements that he was able to secure a place in hawaii. and he actually flew light independently to avoid the airlift to hawaii, with women, american women...